11
Dealer Trade Allocation Dispersion of trades tends to vary quarterly as a function of relative competitiveness amongst counterparties & types of securities sought; this dispersion is expected & normal as markets ebb & flow Investment Policy Statement 14: “Whenever practical, securities shall be purchased & sold through a formal competitive process requiring the solicitation & evaluation of a least three bids/offers from Qualified Institutions.” Broker/Dealers are reviewed annually for competitiveness by the Investment Committee. Dealer suspensions & additions may result from trailing twelve-month responsiveness & competitiveness
Value ($) of Trades, by Broker (Millions)
Academy Securities
BNY Mellon
Cantor Fitzgerald
Exxon Mobil [D]
FHN Financial
Janney Montgomery
Jefferies & Co
Piper Jaffray
Samuel A. Ramirez & Co
Stifel Nicolaus
Toyota Motor Credit [D]
Wells Fargo Securities
-
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
3/31/2025
3/31/2026
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